In looking at charts, I noticed NNBR dropped from ~$16 to ~$6 in the last 2 1/2 months. I did not know the company or stock at all. I figured the market reacted to a big diappointment. In fact, the only real news was the 2Q report which was not that bad. I realize Whirlaway did poorly, but that was not necessarily a surprise. The company should earn $1.30 (4.9x) this year and $1.60 (4.0x) barring a recession. The 2011 EBITDA multiple is 3.7x and 2012 is 3.0x. This is awfully cheap for a well regarded precision metals company with a global presence. Can anyone with a history in NNBR, point out what am I missing?